The Hidden Inequality in Socialism
By David R. Henderson, Robert M. McNab, Tamás Rózsás
In recent years, researchers on transition economies have concluded that income inequality increased in the former socialist countries of eastern Europe and central Asia despite the liberalization of political and economic life. This judgment, however, places too much credence in the data reported by socialist planners and underestimates the cumulative effect of the myriad inequalities present under socialism.
|Other Independent Review articles by David R. Henderson|
|Summer 2018||Why We Fight:A Study of U.S. Government War-Making Propaganda|
|Fall 2016||An Economists Case for a Noninterventionist Foreign Policy|
|Winter 2015/16||The Economy in 2065:Predictions and Cautions|
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